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Demand for the new Samsung smartphone and a wave of promotions helped Carphone
Warehouse weather the slump in its pay-as-you-go market today.

Like-for-like sales were down 2 per cent in the three months to June 30, but
this was much better than the 6 per cent or 7 per cent fall predicted by
analysts because of the absence of affordable smartphones in the pre-pay
market.

Carphone reported “encouraging” growth among contract customers, boosted by
the Samsung Galaxy S III, which is mounting a challenge to Apple’s iPhone.

The group, whose Europe arm has 2,400 outlets, is also boosting its post-pay